9 research outputs found
The Effects of Increasing versus Decreasing Private Goods on Legislative Bargaining: Experimental Evidence *
Recent interest in reducing budget deficits raises questions regarding the impact of cuts versus increases in private good allocations on legislative bargaining. We investigate this issue using an experimental design where the outcomes are theoretically isomorphic. Payoffs are similar between the two cases, but which type gets their proposals passed changes substantially. Both gains and losses help to “grease ” the legislative bargaining “wheels ” in terms of the time it takes to reach agreement, but gains are more effective than losses. This difference is attributed to a change in agents ’ reference point in going from gains to losses
Coalition Formation in a Legislative Voting Game
Copyright & reuse City University London has developed City Research Online so that its users may access the research outputs of City University London's staff. Copyright © and Moral Rights for this paper are retained by the individual author(s) and / or other copyright holders. All material in City Research Online is checked for eligibility for copyright before being made available in the live archive. URLs from City Research Online may be freely distributed and linked to from other web pages. Versions of research The version in City Research Online may differ from the final published version. Users are advised to check the Permanent City Research Online URL above for the status of the paper. Enquiries If you have any enquiries about any aspect of City Research Online, or if you wish to make contact with the author(s) of this paper, please email the team at [email protected] of Economic
Reference Point Effects in Legislative Bargaining: Experimental Evidence
Recent interest in reducing budget deficits raises questions regarding the impact on legislative bargaining of cuts versus increases in government spending. Using an experimental design where the outcomes are theoretically isomorphic results in significant differences in bargaining outcomes: There are longer delays in reaching agreement with cuts than with increases, along with which legislative types get their proposals passed. These results can be attributed to a change in agents’ reference point in conjunction with differential responses to gains versus losses